Russian state-backed energy giants Rosneft and Gazprom have made plans to delay a number of offshore drilling projects by two to three years, hit by sanctions and low oil prices, according to the nation’s Ministry of Natural Resources.
Russia will drill just two offshore wells in 2017, down from an original plan for 14, Denis Khramov, deputy minister, said today at a conference in Russia’s Far East.
Drilling delays have been approved by the ministry for eight offshore licenses held by Rosneft and five by Gazprom, Khramov said.
